clear
clear

/payments

Deel's valuation surges past $17bn after fund raise

Payroll platform Deel has announced an investment of $300m led by new backer Ribbit Capital which has seen its valuation rise to $17.3bn.

/retail

Klarna to launch digital wallet and debit card in UK

BNPL provider Klarna has fired the first shots in its assault on UK bank's retail business with the launch of a debit card and a digital wallet.

/ai

SBS talks changing face of banking, warns regulation and financial inclusion not optional

Day two of the SBS Summit 2025 continued to prioritise customer experience, but this time with a specific focus on data usage and inclusive efforts to serve the unbanked.

/markets

S&P Global to buy private markets data firm for $1.8bn

S&P Global has struck a deal to buy private market data provider With Intelligence for $1.8 billion.

/retail

Santander merges Openbank with consumer finance unit in Europe

Santander is merging its Openbank digital brand with its consumer finance business across Europe in a move designed to simplify operations.

/regulation

OCC approves new bank targeting 'innovation economy'

A new bank backed by tech billionaires that plans to fill the gap left by Silicon Valley Bank's collapse and serve firms in the "innovation economy" has received conditional approval from regulators.

/startups

Wealthtech Clove emerges from stealth with $14m in funding

Clove, a UK wealth management startup co-founded by the former boss of fintech unicorn Paddle, has emerged from stealth with $14 million in pre-seed funding.

/crypto

Coinbase invests in India's CoinDCX

Coinbase is targeting India and the Middle East after investing in Mumbai-based crypto exchange CoinDCX at a $2.45 billion post-money valuation.

/ai

BoE to prioritise AI, DLT and quantum computing in tech strategy

The Bank of England (BoE) intends to prioritise AI, DLT, and quantum computing as the three "cross-cutting technologies" with the most potential for "transformative outcomes".

/ai

Allianz UK appoints first head of AI

German insurer Allianz has named Mansoor Reehana as its first ever head of AI.

/ai

SBS shakes off legacy label, positions itself at the forefront of fintech

Opening their 5th SBS Summit, delivered from a venue close to the Eiffel Tower in Paris, Eric Bierry, CEO, SBS and deputy CEO, 74Software set the tone for a day of future-forward discussions, seeking to leave behind a former perception of being a dated legacy player.

/regulation

Lunar becomes first provider in Scandinavia to get MiCA crypto license

Nordic challenger bank Lunar has become the first provider in the region to secure a crypto license under the EU’s MiCA regulation.